The city government of New York recently released an assessment on the first year of New York City’s Worker Cooperative Business Development Initiative. The $1.2 million in municipal investment has led to the creation of 21 new worker cooperatives—doubling their number in the city—and has helped to build the capacity of existing cooperatives and businesses. It is estimated that over 141 new worker-owner positions have been created and over 900 entrepreneurs have received training in co-op development. Encouraged by this success, the New York City Council increased the initiative’s funding to $2.1 million for Fiscal Year 2016.